The Australian dollar has firmed after Japan's economics minister, Akira Amari, said Australia's second largest trading partner was halfway out of deflation.
Commonwealth Bank of Australia has posted a record $7.68 billion full-year profit.CBA's net profit for the year to June 30 was up 8 per cent from $7.09 billion in the previous year.
The Australian dollar is lower after the greenback was boosted by positive US retail sales data that sustained speculation the US Federal Reserve will begin tapering soon.
US stocks have closed in positive territory as corporate raider Carl Icahn revealed a large stake in Apple, sending the technology titan 4.8 per cent higher.
The Australian share market has hit a three month high, with investors buoyed by positive local earnings performances potential stimulus measures in Japan.
Perth-based bank machine distributor Ezeatm has begun legal proceedings against its former boss and co-founder, Todd Zani, who was ousted from the company in June.
The departments of Treasury and Finance expect the federal budget deficit to be $30.1 billion in 2013/14, unchanged from the government's own forecast.
The Australian dollar is being weighed down by strength in the greenback amid renewed expectations that the US Federal Reserve will begin tapering its economic stimulus program soon.
A Perth-based businessman has pleaded guilty to insider trading relating to the takeover of MacArthur Coal by US-based Peabody Energy Corporation in 2011.
Trisha Burgess’s small business has achieved a major sales boost this past year without any changes to her product range. All the gains, she says, are due to a banking app.
The deterioration in the economic outlook underpinning the latest interest rate cut was so minor it is barely detectable in new forecasts from the Reserve Bank of Australia.
The Australian dollar is near its highest level in almost two weeks after Chinese international trade data showed the world's second largest economy is still going strong.
